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Author Topic:   Simrad Buys Lowrance 1/30/06

bluewaterpirate posted 01-30-2006 10:18 AM ET (US)
Simrad purchased Lowrance this morning. It is on the news wires. Deal valued Lowrance at 215MM, stock up 45% this am. This will be a very interesting merger. Here you go ........
http://biz.yahoo.com/ts/060130/10265012.html?.v=1
Tom

Bulldog posted 01-30-2006 01:11 PM ET (US)
Man-o-man, I just picked out a new Lowrance last night a 337 GPS/ dpeth, for a indash install. I wonder if there are going to be changes that would make that a bad choice?......Jack
bluewaterpirate posted 01-30-2006 01:40 PM ET (US)
You'll be fine ......
jimh posted 01-30-2006 07:44 PM ET (US)
Tom--Thanks for the interesting news.
I imagine that the combination of LOWRANCE and SIMRAD will be a merger of low-end/high-end markets. Lowrance is extremely popular, particularly with their more modestly priced products. Simrad has a big-boat reputation. You generally don't find their products on small, trailer boats.
tombro posted 01-31-2006 08:32 AM ET (US)
I have fond memories of Lowrance. My mid 1980's Makos were the cats meow with my Lowrance X-16 paper graph and Sitex loran-C. Still have some paper tracings in photo albums of wrecks, bluefish blitzes. I started my boating electronics career with the classic Lowrance "green box", from a rowboat in an Ontario lake in 1975. Never could quite read anything other than bottom on it, though.
Montauk Explorer posted 01-31-2006 09:07 PM ET (US)
1982- my X-15 was probably worth more than the boat I had it on
Roarque posted 02-02-2006 12:00 PM ET (US)
Bulldog, I just learned that Lowrance is going to offer a product named the LMS-339CDF that is identical to the 337 except that the antenna for the GPS is built into the top of the unit. Its a product enhancement for the open boat center console design of boat. Same price.
In case you haven't pulled the trigger yet.
seahorse posted 02-07-2006 06:15 AM ET (US)
Shareholders file lawsuit against Lowrance

Stockholders have filed a class action suit against the board of directors of Lowrance Electronics over the proposed acquisition by Simrad Yachting.

Lowrance last week announced its board had approved an agreement with Simrad to purchase outstanding shares of the company for $37 a share in cash.

The lawsuit, filed in Oklahoma state court, alleges the board breached its fiduciary duties by entering into the agreement with Simrad and by not making adequate disclosure in its filings with the US Securities and Exchange Commission. The suit seeks to block the acquisition.

Lowrance, in a statement, said the lawsuit is without merit and that it intends to vigorously defend against it.

Simrad, a Norway-based company, is not named in the suit.

Lowrance, headquartered in Tulsa, Okla., manufactures sonar and GPS products, digital mapping systems and accessories for marine, general consumer and aviation use

Bulldog posted 02-07-2006 03:11 PM ET (US)
Probably will pull the trigger at the OC Maryland boat show if they beat Cabelas price minus my saved up Cabelas dollars. I have a Revenge cabin model and recessing it in the dash. There have been posts saying they get good reception with their external atennas in a console, so the 339 might work, but I will probably stay with the external atenna and mount it in the space under the dash, if it doesn't work, then outside it will go...Jack
jmorgan40 posted 02-07-2006 05:08 PM ET (US)
Jack,
You will love the lowrance unit. I bought the 26c HD end of last summer and love it. The Garmin GPS was a little more user friendly than Lowrance but the Garmin does not come close to the image and power of the lowrance fishfinder. It is superb at 8,000 watts peak. I bought mine from Boatfix.com. I have been buying all my electronics from them for the past 8 years. They beat everyone else's price on the 26c by 250.00. I show them $200 cheaper than abelas on the 26C and only $50 cheaper on the 339C. On VHF antennas they are $50-$60 cheaper than anyone else even with the shipping. Good luck

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Author	Topic: Simrad Buys Lowrance 1/30/06
bluewaterpirate	posted 01-30-2006 10:18 AM ET (US) Simrad purchased Lowrance this morning. It is on the news wires. Deal valued Lowrance at 215MM, stock up 45% this am. This will be a very interesting merger. Here you go ........ http://biz.yahoo.com/ts/060130/10265012.html?.v=1 Tom
Bulldog	posted 01-30-2006 01:11 PM ET (US) Man-o-man, I just picked out a new Lowrance last night a 337 GPS/ dpeth, for a indash install. I wonder if there are going to be changes that would make that a bad choice?......Jack
bluewaterpirate	posted 01-30-2006 01:40 PM ET (US) You'll be fine ......
jimh	posted 01-30-2006 07:44 PM ET (US) Tom--Thanks for the interesting news. I imagine that the combination of LOWRANCE and SIMRAD will be a merger of low-end/high-end markets. Lowrance is extremely popular, particularly with their more modestly priced products. Simrad has a big-boat reputation. You generally don't find their products on small, trailer boats.
tombro	posted 01-31-2006 08:32 AM ET (US) I have fond memories of Lowrance. My mid 1980's Makos were the cats meow with my Lowrance X-16 paper graph and Sitex loran-C. Still have some paper tracings in photo albums of wrecks, bluefish blitzes. I started my boating electronics career with the classic Lowrance "green box", from a rowboat in an Ontario lake in 1975. Never could quite read anything other than bottom on it, though.
Montauk Explorer	posted 01-31-2006 09:07 PM ET (US) 1982- my X-15 was probably worth more than the boat I had it on
Roarque	posted 02-02-2006 12:00 PM ET (US) Bulldog, I just learned that Lowrance is going to offer a product named the LMS-339CDF that is identical to the 337 except that the antenna for the GPS is built into the top of the unit. Its a product enhancement for the open boat center console design of boat. Same price. In case you haven't pulled the trigger yet.
seahorse	posted 02-07-2006 06:15 AM ET (US) Shareholders file lawsuit against Lowrance Stockholders have filed a class action suit against the board of directors of Lowrance Electronics over the proposed acquisition by Simrad Yachting. Lowrance last week announced its board had approved an agreement with Simrad to purchase outstanding shares of the company for $37 a share in cash. The lawsuit, filed in Oklahoma state court, alleges the board breached its fiduciary duties by entering into the agreement with Simrad and by not making adequate disclosure in its filings with the US Securities and Exchange Commission. The suit seeks to block the acquisition. Lowrance, in a statement, said the lawsuit is without merit and that it intends to vigorously defend against it. Simrad, a Norway-based company, is not named in the suit. Lowrance, headquartered in Tulsa, Okla., manufactures sonar and GPS products, digital mapping systems and accessories for marine, general consumer and aviation use
Bulldog	posted 02-07-2006 03:11 PM ET (US) Probably will pull the trigger at the OC Maryland boat show if they beat Cabelas price minus my saved up Cabelas dollars. I have a Revenge cabin model and recessing it in the dash. There have been posts saying they get good reception with their external atennas in a console, so the 339 might work, but I will probably stay with the external atenna and mount it in the space under the dash, if it doesn't work, then outside it will go...Jack
jmorgan40	posted 02-07-2006 05:08 PM ET (US) Jack, You will love the lowrance unit. I bought the 26c HD end of last summer and love it. The Garmin GPS was a little more user friendly than Lowrance but the Garmin does not come close to the image and power of the lowrance fishfinder. It is superb at 8,000 watts peak. I bought mine from Boatfix.com. I have been buying all my electronics from them for the past 8 years. They beat everyone else's price on the 26c by 250.00. I show them $200 cheaper than abelas on the 26C and only $50 cheaper on the 339C. On VHF antennas they are $50-$60 cheaper than anyone else even with the shipping. Good luck